Berkshire Hills names Webster Bank EVP as next CEO
Photo | PRNewsfoto/Berkshire Hills Bancorp, Inc.
Nitin Mhatre
Berkshire Hills Bancorp, Inc., the Boston-based parent company of Berkshire Bank, has named Connecticut-based Webster Bank executive vice president of community banking Nitin Mhatre as the company’s next president and CEO, as well as CEO of the bank, according to a Monday announcement.
Berkshire operates locations throughout the Northeast, included all the Commerce Bank branded locations in Central Massachusetts. Berkshire acquired Commerce in 2017.
Mhatre’s appointment is effective Friday, and he will also serve as a member of the board of directors.
The company’s acting CEO, Sean Gray, will stay on as chief operating officer of the bank.
"I am humbled and honored to join Berkshire on its 175-year banking journey, and to be the first CEO hired from outside the Bank since its transformation to a public company in 2000," said Mhatre, in a statement.
Before Webster, Mhatre spent over 13 years working at CitiGroup in various leadership roles.
WBJ Web Partners
Most Recent
Most Recent
0 Comments